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Defense Modernization

Defense modernization covers the rearmament and technology refresh underway as governments raise military budgets and restock depleted inventories. Contracts are long, funded, and relatively insensitive to the economic cycle.

163 stocks

Defense Tech & C4ISR Drones & Counter-Drone Military Shipbuilding Munitions Restocking

#	Name	Funds holding	Growth	Growth %	Fund value
51	51 nLIGHT LASR $2B	103	+103	–	$534M
52	52 Ducommun DCO $2.51B	101	+3	+3%	$314M
53	53 Kopin KOPN $666M	100	+3	+3%	$102M
54	54 DHI Group DHX $217M	93	-29	-24%	$82.9M
55	55 Graham Corp GHM $819M	88	+11	+14%	$198M
56	56 DELISTED Emcore Corp EMKR	72	-9	-11%	$98M
57	57 Luxfer Holdings LXFR $466M	63	+13	+26%	$406M
58	58 American Superconductor AMSC $1.26B	60	+1	+2%	$32.3M
59	59 QuickLogic QUIK $169M	54	+2	+4%	$26.1M
60	60 CPI Aerostructures CVU $64.9M	45	+3	+7%	$50.9M
61	61 Ultralife ULBI $101M	38	0	0%	$50.4M
62	62 Lightpath Technologies LPTH $553M	36	+1	+3%	$16.5M
63	63 Genasys GNSS $58.7M	31	-1	-3%	$39.8M
64	64 Gilat Satellite Networks GILT $615M	28	-2	-7%	$83.3M
65	65 Energy Focus EFOI $17.8M	27	-1	-4%	$3.56M
66	66 Frequency Electronics FEIM $774M	27	-1	-4%	$29.5M
67	EMAN 67 DELISTED eMagin Corporation EMAN	26	-3	-10%	$17.8M
68	68 DELISTED ENGlobal Corp ENG	22	-1	-4%	$4.93M
69	RADA 69 DELISTED Rada Electronic Industries Ltd RADA	20	-5	-20%	$5.13M
70	70 Espey Mfg & Electronics Corp ESP $161M	18	-1	-5%	$10.8M
71	71 Bel Fuse Inc Class A BELFA $2.52B	17	-2	-11%	$20.3M
72	72 Taylor Devices TAYD $174M	16	0	0%	$5.74M
73	73 Ocean Power Technologies OPTT $5.96M	15	-2	-12%	$1.05M
74	74 Coda Octopus Group CODA $112M	14	+1	+8%	$802K
75	75 Air Industries Group AIRI $12.1M	11	-2	-15%	$2.77M